ISLAMABAD: Prime Minister Shehbaz Sharif on Monday voiced deep concern over an incident at the Khor Fakkan port in the United Arab Emirates, where falling debris from a missile intercepted by Emirati air defences sparked a fire and injured three Pakistani nationals.
Latest
Pakistan arranges $4.8 billion in external debt repayments by June, including $3.5 billion to UAE
ISLAMABAD: Pakistan has lined up repayments totaling $4.8 billion in external obligations by the end of June, including $3.5 billion owed to the United Arab Emirates across three separate facilities, local media reported on Monday.
Pakistan’s fuel subsidies win IMF nod, but distortions must go – report
ISLAMABAD: The International Monetary Fund has told Pakistan to eliminate distortions in petroleum pricing at the earliest opportunity, even though it has accepted the federal government’s decision to cap subsidies at 152 billion rupees amid a global price surge triggered by U.S.-Israeli strikes on Iran and the subsequent closure of the Strait of Hormuz.
Pakistan brokers framework for immediate Iran-US ceasefire and reopening of Strait of Hormuz – reports
ISLAMABAD: A framework for ending hostilities between Iran and the United States, including an immediate ceasefire and the reopening of the Strait of Hormuz, was conveyed overnight to both sides by Pakistani intermediaries, according to a source familiar with the discussions told Reuters.
Provinces roll out subsidies and early closures to shield Pakistanis from oil crisis sparked by Middle East conflict
KARACHI: Sindh Chief Minister Murad Ali Shah said on Sunday that the provincial government had secured a comprehensive fare freeze for inter-city and intra-city public transport after weeks of negotiations with transporters, shielding millions of commuters from the sharp rise in fuel costs that has followed disruptions in global oil supplies.
PM Sharif presses provinces to release fuel-subsidy funds as energy crisis deepens
ISLAMABAD: Prime Minister Shehbaz Sharif pressed provinces on Sunday to release their agreed contributions toward a new, targeted fuel-subsidy program, warning that the country’s deepening energy crisis was straining ordinary citizens, motorcyclists and the transport sector that moves both people and goods.
Heavy rains kill at least 45 in Pakistan’s northwest, with more storms forecast
ISLAMABAD: At least 45 people have been killed and 105 others injured in Pakistan’s northwestern Khyber Pakhtunkhwa province since heavy rains began pummeling the region on March 25, authorities said Sunday, as collapsing roofs and walls turned monsoon downpours into a deadly hazard across dozens of districts.
Pakistan says forces repelled Afghan Taliban attack on border post, with 37 militants killed in Khyber Pakhtunkhwa
ISLAMABAD: Security forces foiled an overnight attempt by Afghan Taliban fighters and allied militants to storm a border outpost in the northwestern province of Khyber Pakhtunkhwa, killing 37 attackers and wounding more than 80 others, Information Minister Attaullah Tarar said on Sunday.
Govt rolls out targeted subsidies via digital wallets after fuel-price shock
ISLAMABAD: Prime Minister Shehbaz Sharif said on Saturday that the government has started disbursing relief funds directly into digital wallets for operators of public transport buses, wagons and freight vehicles, part of a rapid response to cushion the impact of sharply higher petroleum prices.
Pakistan rejects speculation over UAE deposit repayment as routine maturity
ISLAMABAD: The Foreign Office on Saturday dismissed as “misleading and unfounded” recent commentary surrounding the return of financial deposits from the United Arab Emirates, insisting the transaction was a straightforward maturity of bilateral commercial agreements.